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0.0855405992184108 0.0855405992184108 -0.00130264871906211 -0.00130264871906211 0.0131712259371834 0.0131712259371834 0.0133159646837458 0.0493559125777971
Stock impact report

Solidion Technology Inc. Ready to Produce Sustainable Graphite Anode Materials, a Key Component in Lithium-ion Batteries

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
DALLAS, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Solidion Technology, Inc. (Solidion), an advanced battery technology solutions provider, aims to address the burgeoning battery materials supply shortage, driven by anticipated soaring demand for electric vehicle (EV) and energy storage systems (ESS) battery capacities. Solidion plans to build a graphite production facility in the Southeast United States with an initial capacity of 10,000 metric tons per annum (MTA) by the end of 2026, which will be expanded to ~180,000 MTA by 2030 to fulfill the growing domestic demand. This US domestic facility will manufacture graphite anode materials primarily from biomass, an abundant and sustainable class of feedstock materials for battery-grade graphite production in North America. According to Benchmark Mineral Intelligence1, the annual worldwide graphite demand in 2035 is forecast to be 12.4 million metric tons (7.2 million tons of natural graphite and 5.2 milli Show less Read more
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